Gold to rise in the second half of the year – TD Securities

“Melek says that gold may look to test the $1,300 level ahead of the FOMC meeting later this month before going back up to $1,350 later in the year” reports forexlive.com. However, he says that the weakness will only be temporary as Trump’s protectionist rhetoric will favour gold in the long run – and that a slower than expected inflation rise could work in support of gold prices as well.